Posen, Presque Isle County, Michigan Property Taxes
Median Posen, MI effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Posen, MI home value: $95,400
Median annual Posen, MI tax bill: $527, $1,873 lower than the national median property tax bill of $2,400.
How are property taxes in Presque Isle calculated?
Property taxes in Posen, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Posen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Posen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Posen, Presque Isle County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$1,006
$934
Property Tax Rates Across Posen, Presque Isle County, Michigan
Local government entities determine tax rates, which can vary widely within a state. This is due to each county annually estimating its required budget to provide services, then dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Posen in Presque Isle County, Michigan, has an effective property tax rate that is notably distinct compared to other cities in Michigan and the national median. The median property tax rate in Michigan is significantly lower than the national median property tax rate of 1.02%. This difference highlights the variability in property tax rates across different regions.
For residents in Posen, understanding these differences can be crucial when considering property investments or managing property expenses. By comparing local rates to state and national medians, property owners can better assess their tax obligations and explore potential savings through tax appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Posen Tax Rate
0.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Presque Isle County Tax Rate
0.96%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Posen, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49776 | 0.64% | 0.73% | 0.86% | 1.23% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Posen, Presque Isle County, Michigan
When examining property taxes in Posen, Michigan, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Presque Isle County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Presque Isle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Posen.
For example, the median home price in Posen is $95,400, with tax bills ranging significantly across the county. Zip code 49776 has the highest median home price at $95,400.
Property Tax Assessment Values Across Posen, Presque Isle County, Michigan
Source: Ownwell
$117,000
$187,300
$257,600
Median Posen Market Value
$117,000
Median Presque Isle County Market Value
$146,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Posen, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49776 | $42,560 | $76,800 | $117,000 | $166,700 | $231,440 |
Source: Ownwell
Property Tax Bills Across Posen, Presque Isle County, Michigan
Median Posen Tax Bill
$1,027
Median Presque Isle County Tax Bill
$1,312
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Posen, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49776 | $418 | $706 | $1,027 | $1,530 | $2,254 |
Source: Ownwell